RBI holds repo rate steady, GDP growth projected at 6.9%
after close1 source ↓written by the desknot a recommendation
- inflation expected
- 4.6%
The Reserve Bank of India has kept the repo rate unchanged at 5.25% during its first bi-monthly monetary policy meeting. The Monetary Policy Committee projects India's GDP growth at 6.9% for the current fiscal year, with CPI inflation expected at 4.6%. Elevated energy prices and potential El Niño conditions present upside risks to inflation.
Not investment advice. For informational purposes only.